Over the past thirteen years, Spectrum Health Systems has been successfully delivering demand and health risk management services to Indiana area business. Our return on investment analysis includes claims history, tracking risk reductions and avoided health care costs.
Spectrum analyzed 30 clients from various industries including manufacturing, health care, technology, service, financial and insurance. The savings for these clients ranged from a low of $1.29 to a high of $6.56 for every dollar invested within the first year. The average was $3.97:$1 return on investment.
Spectrum’s services are designed to provide short and long-term cost containment strategies inside the group medical plan. It is well documented that organizations can save as much as $3 to $8 for every dollar invested through disease and lifestyle management programs that assist individuals in reducing their health risks.
These can be considered long-term savings and are more challenging to document without access to individual claims data. Spectrum has found that we are also able to document short-term savings through avoided health care costs that show $2 to $5 saved for every dollar invested within the first year. These savings go directly to the bottom line and are significant enough to justify expenditures for improving the overall health of the organization to control costs in the future.
We would be happy to provide you with additional information on this analysis or Spectrum Health System’s services.